Belgium: Electric Heating Radiator Market 2025

Electric Heating Radiator Market Size in Belgium

The Belgian electric heating radiator market skyrocketed to $X in 2021, picking up by 347% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Electric Heating Radiator Exports

Exports from Belgium

Electric heating radiator exports from Belgium expanded significantly to X units in 2021, growing by 6.1% compared with 2020. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 132%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, electric heating radiator exports soared to $X in 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 117%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for electric heating radiator exports from Belgium, with a 65% share of total exports. Moreover, electric heating radiator exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), sevenfold. The third position in this ranking was taken by Germany (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +124.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+186.9% per year) and Germany (+32.9% per year).

In value terms, the Netherlands ($X), the United States ($X) and the UK ($X) were the largest markets for electric heating radiator exported from Belgium worldwide, together accounting for 83% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +190.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electric heating radiator export price amounted to $X per unit, surging by 84% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 141%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Radiator Imports

Imports into Belgium

In 2021, electric heating radiator imports into Belgium skyrocketed to X units, with an increase of 68% compared with the year before. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating radiator imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electric heating radiator supplier to Belgium, with a 54% share of total imports. Moreover, electric heating radiator imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was held by Germany (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +35.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+95.3% per year) and Germany (-9.5% per year).

In value terms, Germany ($X), China ($X) and Poland ($X) appeared to be the largest electric heating radiator suppliers to Belgium, with a combined 91% share of total imports.

Poland, with a CAGR of +88.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric heating radiator import price amounted to $X per unit, flattening at the previous year. Overall, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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